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20121205
20121213
Search Results 0 to 7 of about 8 (some duplicates have been removed)
that you think that going over the fiscal cliff is in president obama's best interest. >> i really believe that. frankly, the lack of credible solutions and backtracking like the amount of spending. doubling the taxes he wants raised and the fact he wants stimulus package that he knew nobody was going to support here. doesn't look like he's trying to engage in ernest discussions, which leads me to believe he wants us to go over the cliff and be able to blame the republicans and maybe it's more about politics. >> congress people themselves said the election was a referendum on the president's ideas. part of that was the very clear message of tax hikes on the top 2%. >> that's great, but he didn't win my district and i did. so my mandate is something else. >> good appoint. >> if we only represent our own slices we'll never get anything done. >> you hit the nail on the head. what we're being asked is the republican conference, jump off the cliff alone. if this is going to be a deal, we've got to grab hands together and jump off together. they have got to put the long-term obligations on the t
are concerned about the fiscal cliff, because of taxes. we are saving, absolutely. we're holding on any types of expansion. in an economy that's like desperate for jobs, that shouldn't be the case. there's really no politics when you have to balance the budget like we do in business every day. it's the same here. i would like lawmakers in congress to compromise and make a settlement, avoid the fiscal cliff, and move on. >> welcome back to our sal mission critical rise above d.c. coverage. i'm jim cramer. becky quick. we're coming to you from capitol hill. and we're here encouraging lawmakers to rise above partisan politics and negotiate a deal to avoid the fiscal cliff. joining us now senator ron johnson, republican from wisconsin. thanks so much for coming. >> good morning. >> i'm getting worried here. because clock is ticking. should we allow a vacation without legislation? >> no, i'm happy to stay here until we get this thing fixed. understand how absurd this process is. we've done this with the debt ceiling. with the super committee. now we're back here again where we've got two people, a
and the fiscal cliff. republicans want a melt on xwiemtment and tax reform from the president. democrats insist this will not happen until the gop agrees on a tax hike. senator dick durbin saying no deal on the debt without a tax hike of the wealthy. >> i can't tell you, i don't want to do it, the president doesn't want to do it, but we need to solve the problem been we cannot allow the reckless position to drive this economy into another recession. >> some suggesting that it might be better to cave to the president now on taxes and keep up the fight on spending. >> if we were to pass, for instance, raising the top two rate and that's it, all of a sudden we do have the leverage of the debt ceiling and we haven't given that up. >> meantime, one influential voice says enough is enough. >> that's like betting your country. there's something terribly bizarre and juvenile about that is to think your party comes ahead of your country. i don't go for that at all. >> that, of course, was alan simpson, the other half of simpso simpson-bowles. erskin bowles will join us this morning, as well. if you have
with a deal on the fiscal cliff? why? because it represents the beginning of american austerity. higher taxes in the long run, spending cuts in the long run, that is a headwind for stocks. not a tailwind. i know everybody's excited about the deal being made. but a substantial minority believes that's a deal for the fed stocks. the general consensus down here, current purchases, $85 billion, is going to continue. instead of $45 billion from operation twist, operation twist goes away, and you go to outright purchases of treasuries. and you continue with that $40 billion in mortgage-backed security purchases. the $85 billion, they're doing right now, continues in a slightly different form. you guys, we're talking about aig. just two observations on aig. you'll notice here, it looks like to me they're not repurchasing any of their shares. they're dumping a huge amount of shares on the market. aig isn't actually buying it back. that's a signed of strength for the company. the other interesting thing is, the losses on sandy have been coming in recently. aig gave $2 billion in pre-tax losses. you in
: thank you as always. melissa: president obama had to try to seeking more support for the fiscal cliff plan. peter barnes is here with the latest. >> just over an hour they will speak at a diesel engine plant persoextending tax cuts for fedl tax workers. keeping up the pressure on republicans to cave on taxes after the president and speaker john boehner met at the white house yesterday in a spokesperson said discussions with the white house are taking place, but we have no details to share about the substance of those conversations. they say perhaps the best strategy for them is to accept some higher tax rate the president is demanding, get that off the table and combat entitlement reform early next year the president can work for increasing the debt ceiling. republicans will have a little bit more leverage. speak a lot of people putting forward a theory, and i think it has merit for you give the president to 2% increass he is talking about, the rate increase on the top 2%, so there is a growing body. i'm beginning to believe that is the best route for us to take. speak loudly the deci
of the fiscal cliff. you combine the greatest capital gains generator out there of all time in the change of tax code of uncertain proportions, it's almost impossible to justify not selling. those people then impact the chart and the chart is signaled code red and causes the institutions to worry that, perhaps, the stock can bring down the performance, which brings in still more selling. >> sell, sell, sell! >> it's a vicious cycle down. it makes a ton of sense. let's talk about what can happen here. year end, 2013, it will be too late to sell to get the tax break. we'll find out, i believe, that apple's ipad sales are through the roof, including the mini, the iphone will have bigger sales than thought in the u.s. and will start taking share in china, all the big carriers will be selling it and an omg product might be on the way. the market capitalization will still be outsized versus the rest of the market and that i don't like. there's nothing you can do about the rest of the market, right? as we settled three times today, if you want to measure the selloff here, use the 12 days of christmas a
could be brimming with jobs. a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to my college chum grover norquist. i thought bill gates and chief justice roberts were powerful. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that would rather create a recession, a mandated economic collapse, let's create a bear market versus rising above. and guess what? these enemies of wealth and job creation may get their way and win. yes, to borrow a phrase from my own rant last time we were on the brink of a washington-inspired financial disaster, they know nothing. shawn in illinois. shawn? >> caller: hello, jim. >> what's up, chief? >> caller: booyah from chicago land. >> done. speak to me. >> caller: i've been watching blizzard for some time now, and i just heard a report that their sales revenue fr
Search Results 0 to 7 of about 8 (some duplicates have been removed)